Hints and tips:
...Highlighting continued caution from regulators, the agency last month delayed an approval decision on donanemab, Eli Lilly’s Alzheimer’s drug....
...Why does the same company get an AAA score from one provider but a B from another?...
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...Moody’s revised Germany’s Aaa rating to a negative outlook. The credit ratings agency also revised the Netherlands and Luxembourg to negative, though Finland’s Aaa rating remained stable....
...In December, GE Capital acquired bank deposits from MetLife, the insurance group....
...In doing so, S&P surely also questions the AAA future of the EFSF....
...On Friday, banking regulators including the Federal Deposit Insurance Corp said that government-issued securities would be “unaffected” by the sovereign downgrade....
...Visa Inc is bringing cashless banking to Rwanda as it begins, a little belatedly, to target Africa’s largely unbanked emerging markets....
...Treasury and U.S. government agency securities....
...In case you still can’t believe it — we present page 180 of the prospectus for Madrid Activos Corporativos V, FTA: Full document (in Spanish) in the usual place....
...Losing my (AAA) religion - FT Alphaville...
...The plan will be backed by an obligation on Greece to reinvest a portion of receipts from the rolled-over or exchanged financing in European AAA bonds, which would act as collateral against default....
...The rating action prior to that was taken on 30 June 2010, when the rating agency placed Spain’s Aaa ratings on review for possible downgrade....
...For $100 of AAA rated CDOs that pool bank TruPS, the amount of regulatory capital to be set aside declines to $1.60. Then the credit crisis hit....
...And here’s the I-don’t-care-about-watching-Ghana v Uruguay version (emphasis FT Alphaville’s): The Miller-Moore provision, which was included in the House bill last year, never made it into the Senate version...
...Inc. Paulson has been in business for 16 years and has been a Registered Investment Advisor with the Securities and Exchange Commission since 2004....
...The rating agencies, meanwhile, were moving to reassure a jittery market that everything was AAA-OK....
...Class C notes: ‘BBB+’ Themeleion IV Mortgage Finance Plc EUR1,005.8m Class A notes: ‘AAA’ EUR155.5m Class B notes: ‘A’ EUR46.6m Class C notes: ‘BBB’ Themeleion V Mortgage Finance Plc EUR764,3m Class A notes...
...The cost of Greek 5-year credit default swaps – a gauge of insurance against debt default – rose to a record of 395 basis points....
...In the months after [Greenberg] left, AIG amped up its bets on the housing market by writing what where, in effect, insurance policies on derivative securities backed by subprime mortgages....
...BarCap’s “smart securitisation” in the above example basically sounds like a CDO, tranching up to get AAA ratings on the higher ones and perhaps selling the lower tranches off....
...(Berkshire — NYSE: BRKA), to Aa2 from Aaa. The rating agency has also downgraded the IFS ratings of Berkshire’s other major insurance subsidiaries to Aa1 from Aaa (see list below)....
...a AAA rating again....
...Citing concerns about Berkshire’s equity and derivatives investments, as well as Buffett’s tight grip on the company, ratings agency Fitch cut the insurance and investment company’s issuer default rating...
...Toyota had its long-term foreign and local debt ratings downgraded to AA from AAA by Fitch Ratings on Wednesday. The ratings agency also gave the carmaker a negative outlook....
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